Visa Inc. operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. In addition, the company offers card products, platforms, and value-added services. It provides its services under the Visa, Visa Electron, Interlink, VPAY, and PLUS brands. Visa Inc. has a strategic agreement with Ooredoo to provide an enhanced payment experience for Visa cardholders and Ooredoo customers in Qatar. Visa Inc. was founded in 1958 and is headquartered in San Francisco, California.
Visa Price Performance
V Stock opened at $212.10 on Thursday. The firm has a 50-day moving average of $205.28 and a two-hundred day moving average of $210.47. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $400.96 billion, a PE ratio of 31.28, a P/E/G ratio of 1.76 and a beta of 0.89. Visa has a one year low of $185.91 and a one year high of $238.36.
Visa Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 12th will be given a $0.375 dividend. The ex-dividend date is Thursday, August 11th. This represents a $1.50 annualized dividend and a yield of 0.71%. Visa's dividend payout ratio (DPR) is currently 22.12%.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on V shares. Wells Fargo & Company reduced their target price on Visa from $280.00 to $255.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 13th. Evercore ISI boosted their target price on Visa from $304.00 to $310.00 and gave the company an "outperform" rating in a research note on Wednesday, April 27th. Truist Financial cut their price objective on Visa from $275.00 to $250.00 in a research report on Thursday, June 30th. Piper Sandler lowered their price objective on Visa from $239.00 to $204.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 6th. Finally, Robert W. Baird decreased their price objective on Visa from $290.00 to $265.00 in a research report on Wednesday, July 20th. Four investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat, Visa has a consensus rating of "Moderate Buy" and a consensus price target of $258.64.
Insider Buying and Selling
In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $195.37, for a total value of $1,758,330.00. Following the completion of the transaction, the chief executive officer now directly owns 159,887 shares of the company's stock, valued at $31,237,123.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 27,000 shares of company stock valued at $5,560,740 over the last ninety days. 0.21% of the stock is owned by company insiders.